Ayala Healthcare Holdings, Inc. (AC Health), which operates hospitals and clinics under Healthway Medical Network (HMN), said it has several hospital acquisition targets in the pipeline and hopes to announce at least one deal within the year, according to BusinessWorld.

The company also plans to open three to five clinics annually over the next three to five years as part of its expansion strategy. AC Health aims to strengthen its presence in the Philippine healthcare market through both acquisitions and organic growth.

The move comes as the Ayala group continues to scale its healthcare operations, leveraging HMN’s network of clinics and hospitals to capture a larger share of the growing demand for medical services in the country.